Australia's largest housing markets will be in overdrive this weekend / File Source: The Daily Telegraph

AUSTRALIA'S largest housing markets will be in overdrive this weekend with more than 2200 auctions in News South Wales and Victoria.

"Super Saturday” as it was dubbed by agents is traditionally one of the biggest selling weekends of the year as vendors strive to get homes under contract before the Easter long weekend and winter when sales activity typically declines.

More than 1,050 properties will go under the hammer across New South Wales - 799 in Sydney on Saturday and Sunday.

Renewed economic confidence and a spike in housing activity has sellers and analysts confident that clearance rates will be higher than the corresponding weekend last year, when 944 properties went to auction across the state and just 46 per cent were cleared, according to RP Data.

RP Data senior research analyst Cameron Kusher believes early signs point to success for sellers, with a large number of active buyers vying for a limited supply of available properties in NSW, particularly Sydney.

“So far this year, clearance rates have been at levels we have not seen consistently met since 2010,” he said. “It would be fair to expect that the clearance rate for the weekend will remain strong,” Mr Kusher said.

First-home buyer numbers have been quiet in NSW recently, but the entry level of the market is displaying strength and under-$450,000 property shoppers are expected to be active this weekend.

“The most affordable 20 per cent of the market has been the most resilient, with values up 2.2 per cent over the year and annual gains for the last nine months,” Mr Kusher said.

The clearance rate for last weekend was a healthy 62 percent out of 607 auctions reported in NSW, according to RP Data.

Auction results this weekend will provide a good indication of the state’s progress towards a housing recovery, although auctions represent a much smaller section of the market than private treaty sales.

In what is likely to be the fifth biggest weekend on record, the REIV is expecting about 1210 auctions in Victoria, with most of those in Melbourne.

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